A sudden financial emergency can strike at any time, and we may suddenly feel the need for an abundance of cash quickly. Unfortunately, expenses can come out of anywhere, becoming difficult to handle right away. Sadly, not everyone can get through these situations without borrowing money. Getting a loan can often be a tricky process, and you might be wondering how to get approved quickly.
If you’re lucky enough to have a car that is paid off, it can act as a valuable asset that can help you get your cash right away. Yes! A fully paid off car can be used as collateral to get your money for financial emergencies. The vehicle should have enough equity in it so that you can borrow some funds. Snap Car Cash helps you get these car equity loans and you can borrow up to $50,000.
Loan against A Car That Is Fully Paid Off!
Car equity loans are also known as car collateral loans which are provided against your car that is fully paid off. This means your vehicle should be completely free from any liens or financial obligations. Car equity loans are a fast and extremely easy way to get funds quickly. People with bad credit can also easily apply for this type of loan since there are no credit checks done. Most people prefer these loans as they are easy and allow them to keep ownership of their vehicle while paying back the loan.
How Do these loans work?
Car equity loans are secured loans because your vehicle is used as collateral to get the cash you need for your financial problems. If the borrower fails to repay the loan, then the lender has the right to take away the ownership of the vehicle(the last resort of course).
Poor Credit is not an obstacle!
We usually stress out when we need urgent money and get rejected by a bank because of it. Not everyone has a good credit score. As a result, there is a problem in qualifying for traditional bank loans with poor credit. Our car equity loans are made for such people who do not have a good credit score. With us, your credit score is not a factor!
Why Get a Car Equity Loan With Us?
These collateral loans can easily be obtained as compared to other traditional bank loans. The simple steps to apply for these loans include:
- Call us or apply online
- Easy documentation process
- Get approved and receive cash
- Keep your car
Car equity loans are secured against the value of your vehicle. So there is absolutely no need to worry. Your vehicle is the answer to your cash troubles.
Minimum Requirements To get Car Equity Loans:
There are very minimal requirements for loan approval. These include:
- You must be the age of majority.
- You must have a vehicle that is no more than ten years old.
- You must have a clear title to your vehicle.
- You must have both collision and comprehensive insurance on your vehicle.
- The vehicle must be registered and insured in your name.
- You must have a valid Canadian driver’s license.
- You must provide proof of permanent residency.
- The second set of keys to your vehicle is required.
A Convenient Way to Get Cash
This loan can often be received within a couple of minutes, making it both a fast and convenient way to get quick access to cash. This can definitely help you get rid of your financial emergencies quickly.
You Can Keep Your Car Driving.
When getting a car equity loan with Snap Car Cash, there is no need to give your vehicle in for storage. You can continue driving your car throughout the length of the loan, as long as you make payments on time.
Flexible Payment Plans
In the event, you are unable to pay back your loan on time, make sure to contact us as soon as possible to make arrangements. We have flexible payment plans that suit all types of budgets.
You can call us (toll-free)1-888-886-SNAP(7627) or fill out our quick and simple application form to get approved instantly for car equity loan with us. Our loan representatives are always ready and willing to help you out at every step of the loan process.
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